INSUBCONTINENT EXCLUSIVE:
An abroad Pakistani has claimed that he is the first investor of a new scheme launched by Prime Minister Imran Khan on Thursday.In a video
message that was shared by the ruling party official Twitter handle, the abroad Pakistani, who identified himself as Chaudhry Hameed, said
that this had been the desire of Pakistani expats over the final 22 years
&I can say with total confidence that abroad Pakistanis shall buy the new bond in large numbers
They shall shift their investment to Pakistan,& he said
&There is amuchher incentive in expats that if they buy the bond and come to Pakistan, they can get the cash in Pakistani rupee.&He later
said that he was proud to be the first customer of Pakistan Banao Certificates program.Prime Minister Imran Khan launched the Pakistan Banao
Certificates in a ceremony held here on Thursday
It is an appealing investment opportunity for abroad Pakistanis
While honouring their patriotic spirit, the Certificates shall enable abroad Pakistanis to fulfill their aspiration of contributing to the
development of the country
These Certificates shall also generate foreign exchange for the socioeconomic development of the country
The Pakistan Banao Certificates are available in three and five year maturities at profit rates of 6.25 percent and 6.75 percent per annum
Minimum investment size is US Dollars 5,000 with no upper limit
Overseas Pakistanis, having a CNIC, NICOP or POC, preserveing their bank accounts abroad can invest in the Pakistan Banao Certificates
digitally through a committed secure website (www.pakistanbanaocertificates.gov.pk)
The website also has total details on the Certificates
Every investor shall be issued a unique identity number and profits in US Dollars shall be remitted semi-annually to the investor specified
account preserveed abroad
Further incentives include exemptions from withholding tax and compulsory deduction of zakat
Investors shall also have the option to encash the Certificates prematurely in Pak Rupee without any deduction.The launch of Pakistan Banao
Certificates is a step towards welfare of abroad Pakistanis and the Prime Minister and his team are fully committed to acknowledge and
support abroad Pakistanis in recognition of their unrelenting support and love for the motherland
The Certificates also reflect the commitment of the Government to endegree that development financing is diversified and made sustainable in
the long term interest of the country.TheIndianSubcontinent has not verified the content of the source
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